Financial institutions may have hoped for political credit from the climate left by blacklisting fossil fuels, but their boycotts haven’t been without cost for states and society. Now West Virginia is leading a movement by fossil-fuel states to return the disfavor.

Mountain State treasurer Riley Moore said Thursday that BlackRock, Wells Fargo, J.P. Morgan Chase, Morgan Stanley and Goldman Sachs could be excluded from new state banking contracts. State legislation enacted this year authorizes the treasurer to require financial institutions to certify they are not “engaged in a boycott of energy companies” to win a future banking contract.